Beyond the Basics: Mixed Finance Development for Public Housing Authorities

This dynamic session focuses on mixed-finance redevelopment by public housing authorities. We will discuss key elements of the Low-income Housing Tax Credit ("LIHTC") program including recent reforms under the American Reinvestment and Recovery Act of 2009 (ARRA) and the Housing and Economic Recovery Act of 2008 (HERA), other development financing sources (e.g. HOME, CDBG, FHLB, NSP), operating subsidies (e.g. project based vouchers and public housing operating subsidy), deal structuring and negotiating tips, various development models and ownership structures, PHA affiliate/ instrumentality issues, and mixed-finance redevelopment considerations. Instructors will also discuss key strategies for integrating development and operational phases of a mixed finance development, including LIHTC compliance.

This seminar discusses helpful practices and potential pitfalls in the development process and concludes with a mock negotiation of a letter of intent between a public housing authority and a tax credit equity investor that will serve to reinforce concepts discussed throughout the day and leave attendees with a solid working knowledge of how to move their agencies forward in achieving affordable housing development goals. Attendees are assumed to have a basic introduction to affordable housing development. (1.2 CEUs)

Schedule and Agenda

Registration Day 1: 8:00 a.m.
Day 1: 8:30 a.m. – 4:30 p.m.
Day 2: 8:30 a.m. – 12:00 p.m.

Day 1	Day 2
DEVELOPING WITH TAX CREDITS Key Issues - Overview of the Low-Income Housing Tax Credit Review General Deal Structure Calculationg the Credit Housing Authorities as Developers - Key Issues Review Sample LIHTC Application Review Core Issues in LIHTC Transactions Putting It all Together - Negotiation Exercise	TAX CREDIT PROJECTS AND COMPLIANCE ISSUES Overview of Compliance Issues Key Dates and Time Periods Income Mix Income Calculation and Reassessment Handling Over-income Tenants Additional Tenant Eligibility Requirements Determining "Tax Credit Rent", Including Multiple Subsidy Programs Lease, files, and Record Keeping Reporting and Sanctions for Non-Compliance

2013 Seminars

Date	Location	Faculty	Registration
August 12-13, 2013 Early bird price available!	Housing Authority of Springfield 85 William Street Springfield, MA 01105 Training Center Details	Martin Walsh	1. Register Online - For individual registrants (credit card payment required) 2. Group Registration - To register 2 or more people. 3.Please print out and fax in registration form below to NPDS at 202-289-8181 PDF Registration Form

Date

Location

Faculty

Registration

August 12-13, 2013

Early bird price available!

Housing Authority of Springfield
85 William Street
Springfield, MA 01105

Training Center Details

Martin Walsh

1. Register Online - For individual registrants (credit card payment required)

2. Group Registration - To register 2 or more people.

3.Please print out and fax in registration form below to NPDS at

202-289-8181